TAG Capitol Update: June 2015

June 2015

       

 TAG CAPITOL UPDATE          Technology: Where Georgia Leads


Invest Georgia Supporters Regroup

 

The General Assembly created Invest Georgia two years ago as a source of capital for technology companies in search of growth-stage investment. While the 2013 legislation set $100 million as a goal for the fund, Invest Georgia only received $10 million. Governor Deal objected to 2015 HB 439 that would give Invest Georgia $55 million in funds, due to the other half of the legislation regarding New Markets Tax Credits.

 

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Google Invests $300 Million in Douglas County Data Center

 

On Tuesday June 2, Google announced it will expand its operations in Douglas County, an investment of $300 million that will create 25 jobs. The construction is planned to begin this summer and will be completed in early 2016. Georgia is ranked as one of the premier fiber rich areas, one of the lowest energy cost nationwide, and relatively free from natural disasters.

 

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Georgia's Economy is Set to Grow Jobs at a 2.9% Pace

 

Georgia's employment will grow by 2.9 percent this year, and a quarter of those new jobs will be high-paying, according to a forecast by Georgia State University.  It's hopeful to say that the forecast calls for a 4.7 percent increase in Georgia's personal income this year and 5.2 in 2016. 

  

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Support Technology Growth in Georgia By Contributing to TAG's PAC

 

TAG PAC, the state level political action committee, is the vehicle for technology leaders to financially support the state level candidacies of men and women who understand and support issues important to the technology industry.  Some donors ask if their contribution really makes a difference... Yes, they do!  Contributions should be considered an investment in the future of technology. PAC dollars go to legislators who support technology and legislation affecting our industry.

 

  

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Support Reauthorization of Ex-Im Bank - Action Needed Now

 

Since 2007, almost 9,000 companies have used the Ex-Im bank to finance export sales, including almost 6,000 small businesses. In 2014, the Ex-Im Bank made over 37,000 authorizations and more than 3000-or nearly 90 percent-directly served U.S. small businesses. Ex-Im Bank enjoys broad support from the U.S. business community and has received strong bipartisan support on Capitol Hill. Ex-Im was last reauthorized in 2012 with the House of Representatives approving the bill by a vote of 330-93 on May 9 and the Senate following suit with a 78-20 vote on May 15.

  

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Support for Passage of H.R. 235: Permanent Internet Tax Freedom Act

 

The organizations listed below urge the Senate to pass H.R. 235, the “Permanent Internet Tax Freedom Act” (ITFA) next week. Since its initial enactment in 1998, the Internet Tax Freedom Act (ITFA) has been extended multiple times and is now set to expire on October 1, 2015. The ITFA bans federal, state and local governments from both taxing Internet access charges and assessing multiple taxes on electronic commerce.

  

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In This Issue

State:


Invest Georgia Supporters Regroup

Google Invests $300 Million in Douglas County Data Center 

Georgia's Economy is Set to Grow Jobs at a 2.9% Pace

Support Technology Growth in Georgia By Contributing to TAG's PAC

 


 Federal:

Support Reauthorization of Ex-Im Bank - Action Needed Now 

Support For Passage of H.R. 235: Permanent Internet Freedom Act

 

TAG Capitol Contacts


Tino Mantella

President & CEO
Tino@tagonline.org
(404) 920 - 2027


Heather Maxfield
Vice President, Government Relations & Statewide
Heather@tagonline.org
(404) 920 - 2022


Joseph Santoro
Director of External Affairs
Joseph@tagonline.org
(404) 526 - 6049

 

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